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Which of the following statements is true of loan amortization? A.With an amortized loan, a bigger proportion of each month's payment goes toward interest in
Which of the following statements is true of loan amortization?
A.With an amortized loan, a bigger proportion of each month's payment goes toward interest in the early periods. | ||
B.With an amortized loan, a bigger proportion of each month's payment goes toward interest in the later periods. | ||
C.With an amortized loan, a smaller proportion of each month's payment goes toward interest in the early periods. | ||
D.With an amortized loan, the interest portion of each months payment remains unchanged. |
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